5G Security Market Exceeds USD 2.2 Billion in 2023, Projected to Surge with 39.25% CAGR by 2030

MarkNtel Advisors who is leading market research company, has recently published a research report, titled Global “5G Security Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2024-30. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

For a better understanding to download a free sample PDF of this study – https://www.marknteladvisors.com/query/request-sample/5g-security-market.html

Market Study Period

Historical Data: 2019-22

Base Year: 2023

Forecast Period: 2024-30

CAGR (2024-2030): 39.25%

Global 5G Security Market Insights:

The Global 5G Security Market size was valued around USD 2.2 billion in 2023 and estimated to grow at a CAGR of about 39.25% during the forecast period, i.e., 2024-30. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

Global 5G Security Market Drivers:

Increasing Security Issues in the 5G Era Prompting the Fusion of 5G Security Solutions – 5G networks offer significantly higher data speeds than previous generations such as 4G & 3G enabling faster downloads, smoother streaming, enhancing overall user experiences, and making it attractive to consumers, business organizations, and other end-users. In addition, 5G networks are designed to be more reliable & resilient, particularly important for mission-critical applications, such as emergency services and critical infrastructure.

5G networks introduce a substantially larger attack surface due to the proliferation of connected devices, massive IoT deployments, and the complexity of the network architecture. The massive deployment of 5G networks in IoT devices poses a significant security risk since these smart & digital devices lack robust security features. As a result, their security is easily compromised and results in network breaches. Therefore, the end-users essentially integrate multi-layered security within the 5G network to ensure network security. Hence, security concerns in the 5G are leading to the amalgamation of various 5G security solutions to safeguard the integrity, availability, and confidentiality of data and services, driving the Global 5G Security Market.

Which segments are covered in the 5G Security Market Research Report?

By Component
- Solution
  - Next gen firewall
  - Antivirus/Antimalware
  - Security Gateway
  - Distributed Denial of Service Protection (DDoS)
  - Sandboxing
  - Others (Encryption Software, Intrusion Detection and Prevention Systems (IDPS), etc.)
- Services
  - Consulting & Advisory Services
  - Managed Services
  - Others (Application & Content Services, Support & Maintenance, etc.)
- By Deployment
  - Cloud
  - On-Premise
- By Architecture
  - Radio Access Network (RAN)
    - New Radio (NR) Standalone
    - New Radio (NR) Non-Standalone
  - Mobile Core Security
- By End-Users
  - IT & Telecom
  - Banking, Financial Services, and Insurance (BFSI)
  - Retail & E-Commerce
  - Media & Entertainment
  - Others (Healthcare, Hospitality, etc.)
- By Organization Size
  - Small & Medium
  - Large-Market Size & Forecast 2019-2030, USD Million
- By Application
  - Virtual & Augmented Reality
  - Networked-Enabled Robotic and Autonomous Systems
  - Distributed Sensing and Communications
  - Connected Automotive
  - Smart Cities
  - Others (Smart Manufacturing, Wireless Brain-Computer Interactions (BCI), etc.)
- By Region
  - North America
  - South America
  - Europe
  - The Middle East & Africa
  - Asia-Pacific

Top 10 Key Brands/Players in the 5G Security Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

Telefonaktiebolaget LM Ericsson
Palo Alto Networks
Thales Group
A10 Networks Inc.
Allot
AT&T Intellectual Property
F5, Inc.
Check Point Software Technologies Ltd.
Fortinet, Inc.
Spirent Communications
Jupiter Networks Inc.
Akamai Technologies
Zscaler, Inc.
Trend Micro Incorporated
Vmware
Others

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